According to Marc Wortman (whoever that is): “The ‘One One-Hundredth Formula’ is how I make sure I have enough chips. I host regular games at my house, and a bigger tournament game four to five times a year. Planning the requirements for the two types of games would seem entirely different, but the truth is that they are quite similar. After all, it's all about making sure that each individual player sits down to what they consider to be an adequate number of chips. Sure, you want to ensure enough scarcity of chips that players aren't betting them carelessly. But on the other hand, there needs to be enough chips in front of each player that everybody gets to enjoy some play.
The 1/100th Formula should accomplish just that. Even if you stray from it, you can still use it as a basis. The way the Formula works is as simple as this:
Make the amount of the small bet one one-hundredth of the total amount of chips each player gets.”
The rest of the article is available at:
http://www.homepoker.com/news01.asp?...=2&fmpg=hm
